Hey traders, here is the analysis of USDCHF long swing trade. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Currently, we are seeing price move to the upside after formed a double bottom formation and also breakout the trendline resistance, we have room to go up for +200 pips if the buyer manages to push the price to 0.9380 resistance level. good luck!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the...
USDCHF has been trading consistently in consolidation to downside trade. At the current level, it has formed a double bottom pattern which indicates, that we might see trend reverse to the upside towards the resistance line. According to chart pattern analysis, one can initiate long side trade with the proper risk management system and stop loss.
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Stop-Loss: 54 pips
Risk: 0,5% - 1%
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Peace and good trades
Hello traders, here is the analysis for USDCHF. Wait for the price to come at our support zone. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
USDCHF is trading in a long term downtrend. Now it is trading in descending channel pattern. According to chart pattern analysis, we might see more downside in USDCHF from the current level to support level, as shown in the chart. Short trade can be initiated with proper risk management and stop loss.
USD/CHF has developed a potential reversal pattern at daily and h4 chart, the confirmation will come from the USDX if the index validates its double bottom pattern as well. The pair now less under selling pressure, after some strong USA data last Friday.
The pair is trapped within a down channel, so a USDX's drop could push USD/CHF towards fresh new lows. The...